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Exam Code: L4M7

Vendor Name: CIPS

Total Practice Questions : 60

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NEW QUESTION: 1
HOTSPOT


Answer:
Explanation:

Here's an example of how System Assigned Identities work with Azure Virtual Machines:

Reference: https://docs.microsoft.com/en-us/azure/active-directory/managed-service- identity/overview

NEW QUESTION: 2
A sales team is a set of users that normally work together on _________ ?
A. Accounts
B. Leads
C. Cases
D. Opportunities
E. Contacts
Answer: D

NEW QUESTION: 3
Satish Dhawan, a veteran fixed income trader is conducting interviews for the post of a junior fixed income trader. He interviewed four candidates Adam, Balkrishnan, Catherine and Deepak and following are the answers to his questions.
Question 1: Tell something about Option Adjusted Spread
Adam: OAS is applicable only to bond which do not have any options attached to it. It is for the plain bonds.
Balkishna: In bonds with embedded options, AS reflects not only the credit risk but also reflects prepayment risk over and above the benchmark.Catherine: Sincespreads are calculated to know the level of credit risk in the bound, OAS is difference between in the Z spread and price of a call option for a callable bond.
Deepark: For callable bond OAS will be lower than Z Spread.
Question 2: This is a spread that must be added to the benchmark zero rate curve in a parallel shift so that the sum of the risky bond's discounted cash flows equals its current market price. Which Spread I am talking about?
Adam: Z Spread
Balkrishna: Nominal Spread
Catherine: Option Adjusted Spread
Deepark: Asset Swap Spread
Question 3: What do you know about Interpolated spread and yield spread?
Adam: Yield spread is the difference between the YTM of a risky bond and the YTM of an on-the-run treasury benchmark bond whose maturity is closest, but not identical to that of risky bond. Interpolated spread is the spread between the YTM of risky bond and the YTM of same maturity treasury benchmark, which is interpolated from the two nearest on-the-run treasury securities.
Balkrishna: Interpolated spread is preferred to yield spread because the latter has the maturity mismatch, which leads to error if the yield curve is not flat and the benchmark security changes over time, leading to inconsistency.
Catherine: Interpolated spread takes account the shape of the benchmark yield curve and therefore better than yield spread.
Deepak: Both Interpolated Spread and Yield Spread rely on YTM which suffers from drawbacks and inconsistencies such as the assumption of flat yield curve and reinvestment at YTM itself.
Then Satish gave following information related to the benchmark YTMs:

An investor decides to invest in the bond futures and has an outlook that the term structure curve would steepen. What should be his trading strategy?
A. Sell futures on short-maturity underlying, Sell futures on long-maturity underlying and Buy futures on middle-maturity underlying.
B. Sell futures on short-maturity underlying, Buy futures on long-maturity underlying
C. Buy futures on short-maturity underlying, Sell futures on long-maturity underlying.
D. Buy futures on short-maturity underlying, Buy futures on long-maturity underlying and Sell futures on middle-maturity underlying
Answer: B

NEW QUESTION: 4
Scenario:






A. Option C
B. Option B
C. Option E
D. Option A
E. Option D
F. Option F
Answer: E
Explanation:
Here we see from the running configuration of R6 that distribute list 64 is being used in the outbound direction to all OSPF neighbors.

However, no packets will match the 6.6.0.0 in this access list because the first line blocks all 6.0.0.0 networks, and since the 6.6.0.0 networks will also match the first line of this ACL, these OSPF networks will not be advertised because they are first denied in the first line of the ACL.
Topic 6, Ticket 1: Switch Port Trunk
Topology Overview (Actual Troubleshooting lab design is for below network design)
Client Should have IP 10.2.1.3
EIGRP 100 is running between switch DSW1 & DSW2
OSPF (Process ID 1) is running between R1, R2, R3, R4
Network of OSPF is redistributed in EIGRP
BGP 65001 is configured on R1 with Webserver cloud AS 65002
HSRP is running between DSW1 & DSW2 Switches
------
The company has created the test bed shown in the layer 2 and layer 3 topology exhibits.
This network consists of four routers, two layer 3 switches and two layer 2 switches.
In the IPv4 layer 3 topology, R1, R2, R3, and R4 are running OSPF with an OSPF process
number 1.
DSW1, DSW2 and R4 are running EIGRP with an AS of 10. Redistribution is enabled
where necessary.
R1 is running a BGP AS with a number of 65001. This AS has an eBGP connection to AS
65002 in the ISP's network. Because the company's address space is in the private range.
R1 is also providing NAT translations between the inside (10.1.0.0/16 & 10.2.0.0/16)
networks and outside (209.65.0.0/24) network.
ASW1 and ASW2 are layer 2 switches.
NTP is enabled on all devices with 209.65.200.226 serving as the master clock source.
The client workstations receive their IP address and default gateway via R4's DHCP
server.
The default gateway address of 10.2.1.254 is the IP address of HSRP group 10 which is
running on DSW1 and DSW2.
In the IPv6 layer 3 topology R1, R2, and R3 are running OSPFv3 with an OSPF process
number 6.
DSW1, DSW2 and R4 are running RIPng process name RIP_ZONE.
The two IPv6 routing domains, OSPF 6 and RIPng are connected via GRE tunnel running
over the underlying IPv4 OSPF domain. Redistrution is enabled where necessary.
Recently the implementation group has been using the test bed to do a 'proof-of-concept'
on several implementations. This involved changing the configuration on one or more of the
devices. You will be presented with a series of trouble tickets related to issues introduced
during these configurations.
Note: Although trouble tickets have many similar fault indications, each ticket has its own
issue and solution.
Each ticket has 3 sub questions that need to be answered & topology remains same.
Question-1 Fault is found on which device,
Question-2 Fault condition is related to,
Question-3 What exact problem is seen & what needs to be done for solution

Client is unable to ping IP 209.65.200.241
Solution
Steps need to follow as below:- When we check on client 1 & Client 2 desktop we are not receiving DHCP address from R4
Ipconfig ----- Client will be getting 169.X.X.X
- On ASW1 port Fa1/0/ 1 & Fa1/0/2 access port VLAN 10 was assigned which is using IP address 10.2.1.0/24
Sh run ------- & check for running config of int fa1/0/1 & fa1/0/2 ==================================================== interface FastEthernet1/0/1switchport mode accessswitchport access vlan 10interface FastEthernet1/0/2switchport mode accessswitchport access vlan 10 ====================================================
- We need to check on ASW 1 trunk port the trunk Po13 & Po23 were receiving VLAN 20 & 200 but not VLAN 10 so that switch could not get DHCP IP address and was failing to reach IP address of Internet

- Change required: On ASW1 below change is required for switch-to-switch
connectivity.. int range portchannel13,portchannel23 switchport trunk allowed vlan none switchport trunk allowed vlan 10,200


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